Bajo Monge Vía 124, Alajuela, Alajuela Province 20140

Commercial Estate With 2 Homes And Land For Sale in Alajuela, Costa Rica Esales Property ID: es5554640 Property Location Ruta Nacional Secundaria 124 Alajuela 20104 Costa Rica price in US Dollard 1.4 million Property Details An extraordinary and rare investment opportunity has emerged in the vibrant region of Alajuela, Costa Rica: a sprawling 2.47-acre mixed-use property offering an unparalleled combination of immediate income generation, significant residential development potential, and a highly strategic location. Situated just a mere five minutes from the Juan Santamara International Airport (SJO), this expansive parcel is a dream for astute investors and developers looking to capitalize on Costa Ricas burgeoning economy and growing demand for well-located real estate. This unique offering includes two existing three-bedroom, one-bathroom residential homes, a currently rented commercial space, and vast undeveloped land ripe for residential expansion, all complemented by invaluable natural resources. Strategic Location: The Gateway to Opportunity The propertys location in Alajuela is arguably its most compelling asset. Its exceptional proximity to Juan Santamara International Airport (SJO), just a five-minute drive away, positions it as a prime hub for various ventures. This immediate access to Costa Ricas main international gateway is invaluable for businesses catering to tourism, logistics, and international trade. Imagine the potential for airport-related services, boutique hotels, long-term parking solutions, or even a base for tour operators. For residents, this means unparalleled convenience for international travel, making it ideal for frequent flyers, expatriates, or those with global business interests. The ease of access also reduces travel time and stress, a significant advantage in any metropolitan area. Beyond the airport, the property offers superb connectivity to the heart of Alajuela City, reachable in less than 20 minutes. Alajuela is a bustling urban center, providing a comprehensive array of amenities and services. Within this short drive, residents and future occupants will find leading hospitals and medical facilities, ensuring access to quality healthcare. Numerous large supermarkets and modern shopping malls cater to all retail needs, from daily groceries to high-end fashion. The city also boasts reputable educational institutions, diverse dining options, and cultural attractions, making it a desirable place to live and work. The excellent road networks connecting the property to the city center and beyond ensure smooth transit for both commercial operations and residential living, enhancing the propertys overall appeal and marketability. This blend of rural tranquility with immediate urban and international connectivity makes the location truly exceptional. Immediate Income: The Commercial Component Adding to its appeal as a robust investment, the property features a dedicated commercial space that is currently generating a steady income. This unit is presently rented, bringing in approximately $700 per month (pre-tax). This immediate revenue stream provides a tangible return on investment from day one, helping to offset holding costs or contribute directly to the investors bottom line. The commercial space offers versatility, suitable for a range of businesses that could benefit from the propertys strategic location. Given its proximity to SJO airport, it could thrive as an office for a logistics company, a car rental agency, a small retail outlet serving local residents, or even a service provider for airport personnel. The existing tenancy demonstrates the viability of the space and its appeal to local businesses, providing a stable foundation for future income. For an investor, this commercial unit represents a low-maintenance asset that contributes positively to the propertys financial performance, enhancing its attractiveness as a mixed-use opportunity. The potential for rental growth or adapting the space to a higher-value commercial use further underscores its long-term income-generating capability. Residential Comfort: Two Existing Homes Complementing the commercial aspect are two existing residential homes, each offering a comfortable and functional living space. Both dwellings are configured with three bedrooms and one bathroom, providing ample accommodation. These homes present multiple opportunities for the new owner: Immediate Rental Income: They can be rented out, providing additional revenue streams alongside the commercial unit. The demand for rental properties in well-connected areas near urban centers in Costa Rica is consistently strong, ensuring good occupancy rates. Owner or Staff Accommodation: The homes could serve as comfortable residences for the owner or for staff managing the commercial operations or future development projects on the land. This on-site presence offers convenience and oversight. Temporary Housing during Development: For a developer, these homes can provide essential on-site accommodation for project managers, construction teams, or sales personnel during the various phases of residential development. The presence of these existing, habitable homes adds immediate value and flexibility to the property. They reduce the initial need for constructing temporary facilities if development is planned, and they offer a ready-made solution for living or renting while the larger development plans take shape. Their practical layout makes them suitable for families or individuals, contributing to the propertys overall appeal and versatility. Unleashing Development Potential: The Expansive Land The true long-term value and transformative potential of this property lie in its expansive undeveloped land, spanning an impressive 2.47 acres (approximately 10, 000 square meters). This substantial acreage is zoned for residential development of up to three floors, offering remarkable flexibility for a wide array of housing projects. The current assessment indicates that the land has space for approximately 25 residential lots. This capacity opens the door for a developer to create a thoughtfully designed community, ranging from individual single-family homes to modern townhouses or even multi-story apartment buildings, depending on market demand and strategic vision. The ability to build up to three floors allows for higher density development, maximizing the return on investment per square meter. The demand for quality housing in Alajuela, particularly in areas with excellent connectivity to the airport and city amenities, is consistently high. Costa Ricas stable economy, attractive climate, and growing expatriate community contribute to a robust real estate market. A residential development here could cater to various demographics: local families seeking modern homes, professionals working at the airport or in Alajuela city, or even international buyers looking for a convenient base in Costa Rica. The large size of the land also allows for the integration of green spaces, recreational areas, and modern infrastructure, creating a highly desirable living environment. This development potential represents a significant opportunity for substantial capital appreciation and long-term profitability. Invaluable Natural Resources and Infrastructure Adding to the propertys exceptional value are its inherent natural resources. The inclusion of its own private water source (a well) is an immense advantage in Costa Rica. Access to an independent and reliable water supply provides self-sufficiency, reduces reliance on municipal services, and significantly lowers utility costs for both existing structures and future development. For a large-scale residential project, a private well can be a critical asset, ...